Word: scenario
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Dates: during 2000-2009
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...these bonds will default, according to Moody's, even though the recent default rate in this sector has been around 3%. Notes Kirk Hartman, chief investment officer for Wells Capital Management, a division of Wells Fargo bank: "Spreads [over Treasuries] in the bond market are pricing in a depression scenario, while the equity markets, despite a substantial decline, are pricing in a recession." (Read "The Recession Is Made Official - and Stocks Take a Dive...
Intuitively, this Swedish model seems like a plausible enough scenario for the U.S. today - what Reich calls a "Mini Depression," or what one commenter on my TIME.com blog has dubbed the "Great Recession...
Will this change in behavior last? Or will we return to our wastrel ways as we climb out of recession and the reality again sinks in that gas is cheap? The one sure way to prevent this second scenario from happening is not to let gas get cheap again. Yes, this is yet another plea for that hoary notion: a big energy tax. Just five months ago, we were essentially paying a tax of $95 per bbl. That's the difference between what oil cost then and what it costs now. This was a "tax" whereby the revenue went into...
...Jackson's appointment. "I wouldn't put it past someone to be purporting to represent Jesse without authority," Jackson's lawyer James Montgomery Jr. told the Chicago Tribune. Another explanation that could exonerate Jackson: Blagojevich may have invoked Jackson's name as a speculative attempt to solicit payment. That scenario is what Jesse Jackson Sr. believes, telling ABC News that his son was "being tainted by the governor's speculation about his fundraising activities." Jackson Sr. also denied to ABC News that he was the emissary to Blagojevich on his son's behalf, as described in the court documents...
...drop in the bucket when one considers the size of the American economy. We should not, however, be overwhelmed simply because the task of lowering carbon emissions is so large. Investing some of the endowment in new initiatives or in establishing Harvard as a carbon-tax test scenario obviously won’t solve the problem alone. But just because these efforts have no guarantee of concrete success does not mean they are not worthy undertakings. The entire nation will have to make sacrifices for us to really combat carbon emissions, but it can start at Harvard...